BlackRock MuniVest Fund, Inc. (NYSE:MVF) Short Interest Down 55.6% in May

BlackRock MuniVest Fund, Inc. (NYSE:MVF - Get Free Report) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 53,200 shares, a decline of 55.6% from the April 30th total of 119,900 shares. Based on an average daily volume of 103,900 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MVF. Janney Montgomery Scott LLC grew its holdings in BlackRock MuniVest Fund by 21.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 28,471 shares of the company's stock worth $200,000 after acquiring an additional 5,095 shares during the period. Leo Wealth LLC grew its holdings in BlackRock MuniVest Fund by 1.7% during the fourth quarter. Leo Wealth LLC now owns 307,617 shares of the company's stock worth $2,166,000 after acquiring an additional 5,283 shares during the period. Indiana Trust & Investment Management Co grew its holdings in BlackRock MuniVest Fund by 1.4% during the fourth quarter. Indiana Trust & Investment Management Co now owns 149,520 shares of the company's stock worth $1,053,000 after acquiring an additional 2,020 shares during the period. J.W. Cole Advisors Inc. acquired a new position in BlackRock MuniVest Fund during the fourth quarter worth $77,000. Finally, Noble Wealth Management PBC acquired a new position in BlackRock MuniVest Fund during the fourth quarter worth $142,000. Institutional investors and hedge funds own 48.16% of the company's stock.

BlackRock MuniVest Fund Trading Down 0.2%

Shares of NYSE:MVF traded down $0.01 during trading on Tuesday, reaching $6.69. The company had a trading volume of 53,167 shares, compared to its average volume of 102,565. The stock's fifty day moving average price is $6.80 and its 200 day moving average price is $7.07. BlackRock MuniVest Fund has a fifty-two week low of $6.50 and a fifty-two week high of $7.64.

BlackRock MuniVest Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were issued a $0.036 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date was Thursday, May 15th.

About BlackRock MuniVest Fund

BlackRock MuniVest Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade, long term municipal obligations that are exempt from federal income taxes.